Please clarify whether GST ITC is eligible for the following transactions :
1. Repair and maintenance of building (Capital items)
2. Repair and maintenance of building (other than Capital)
3 Repair and maintenance of Vehicle
Frah Saeed Answered question May 22, 2020
- If capatalised, ITC not allowed as per Sec 17(5) (c) / (d) of the CGST Act.
- If charged to P&L, ITC can be availed subject to business purpose / taxable supplies.
- Generally blocked u/s 17(5) (ab) except in certain situations mentioned therein.
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Frah Saeed Answered question May 22, 2020